Press Release 26/07/2017
Funding Requirements of Public Administrations in the BasqueCountry reached 1,763 million euros in 2015
This was a deficit of 2.5% of the GDP in 2015, one tenth less than the previous year
In 2015, the deficit of Public Administrations (Basque Administrations, Provincial State Administration and Provincial Social Security) fell by 0.2% to 1,763 million euros according to Eustat data. In figures, the Public Administrations managed Non-Financial Resources totalling 24,721 million in 2015, whilst Non-Financial Spending totalled 26,484 million euros.
The lower funding requirements of Public Administrations in the Basque Country were the result of non-financial resources increasing slightly more than non-financial spending, whereas resources rose by 0.8% from 2014, with non-financial spending increasing by 0.7%.
The deficit totalled 2.5% of GDP, one tenth less than the previous year. This development is similar to what we see in the neighbouring countries. As such, the deficit in Spain as a whole fell from 6.0% of GDP in 2014 to 5.1% of GDP in 2015, with the deficit going from 3.0% of GDP in 2014 to 2.4% in 2015 in the European Union-28 as a whole.
Within Non-Financial Resources, the most significant sectors were: Social Security Contributions (32.9% of resources), Taxes on Production and Imports (30.2%) and Taxes on Income, Assets and Other Components (25.7%). Compared to the previous year, the latter sector saw the largest growth at 1.7% (108 million euros). Social Security Contributions also rose slightly from 2014 by 0.5%, whereas Taxes on Production and Imports fell by 1.4%. Non-Financial Resources as a whole rose by 197 million euros compared with 2014.
Non-Financial Spending totalled 26,484 million euros, which is 193 million euros more than the figure for 2014. The sum of Social Provisions and Social Transfers in Kind: Production Purchased on the Market (including educational and healthcare agreements as well as pharmaceutical expenditure) accounted for 48.1% of expenditure, and rose by 100 million euros, or 0.8%, compared to the previous year. Employee Remuneration, which accounted for 25.2% of expenditure, rose by 2.3%, and Intermediate Consumption, which accounted for 13.9% of expenditure, is the sector that experienced the most growth, i.e. 8.2%. Gross Capital Formation, on the other hand, which accounted for 4.8% of spending, was down by 16.3%, 247 million euros, compared to 2014.
In terms of institutions, the Provincial State Administration in the Basque Country attained a funding capacity of 644 million euros in 2015, which was 5.1% more than in 2014, and Provincial Social Security required 2,031 million euros of funding, which was 1.4% less than in 2014.
With regard to the Basque Administrations, the funding required went from 320 million in 2014 to 375 million in 2015. In other words, the balance decreased by 55 million euros. Bodies belonging to the Basque Government required 198 million euros less funding, putting their funding requirements at 439 million euros in 2015.
The positive balance for the Regional and Municipal Administration of Álava as a whole increased by 11 million euros, going from a negative balance of 10 million euros in 2014 to a positive balance of 1 million euros in 2014. The positive balance for Gipuzkoa as a whole also increased by 43 million euros, with the region attaining a funding capacity of 84 million euros in 2015. The balance for Bizkaia as a whole, however, decreased: 2015 saw a negative balance of 22 million euros in contrast to the positive balance of 285 million euros attained in 2014.
In terms of the final expenditure structure of the Public Administrations, Gross Capital Formation continued to see its share of Internal Public Demand go down, falling by 6.2 percentage points from 2011 to 9.9% in 2015. Final Consumption Expenditure, on the other hand, which is the total expenditure by the administrations on the production of goods and services and the purchase of goods and services produced by market producers which are supplied to households (social transfers in kind), increased its share from 83.8% in 2011 to 90.1% in 2015.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: servicioprensa@eustat.es Tlf: 945 01 75 62